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Journal articles on the topic 'Public intangible assets'
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Frey, Hannes, and Andreas Oehler. "Intangible assets in Germany." Journal of Applied Accounting Research 15, no. 2 (September 2, 2014): 235–48. http://dx.doi.org/10.1108/jaar-07-2014-0068.
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Purpose – Intangible assets are regarded as the future value drivers of company performance. However, hardly anything is known about the actual importance and influence of intangible assets. The purpose of this paper is to fill this gap, so the authors analyse the German stock market index DAX and accomplish a survey among the German Certified Public Accountants (CPAs) concerning intangible assets. Design/methodology/approach – In a first step, the authors analyse the balance sheet data and the corresponding notes of the companies with regard to reported values of intangible assets and applied valuation methods. The sample period covers the years from 2005 to 2008. In a second step, the authors analyse the statements of the German CPAs with regard to intangible assets. The authors sent a standardised questionnaire to all 180 offices of the top ten German auditing firms. Findings – The results indicate that intangible assets have gained in importance, while information on valuation methods is still scarce. According to the German CPAs, the current influence of intangible assets on company performance is on a high level and even will increase during the next few years. The mostly used valuation approach for the fair value measurement of patented technologies is the income approach. Furthermore, the accounting standards leave room for accounting policy – a result which casts doubt on the reliability of financial statements. Originality/value – For the first time not only annual balance sheet data but also corresponding notes regarding intangible assets are analysed. The findings are connected with a survey of an expert group for the valuation of intangibles.
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Aleynikova, Marina. "Federal accounting standard for public finance “Intangible assets”: compliance with current legislation and IFRS OS." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 4 (April 1, 2020): 12–18. http://dx.doi.org/10.33920/med-17-2004-02.
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Starting from January 1, 2021, the Federal accounting standard for public finances “Intangible assets” is being introduced. The article focuses on the use of new approaches by public sector organizations to organize accounting (budget) accounting of intangible assets, as well as their correlation with the requirements of current legislation and the international public sector financial reporting standard IFRS OS 31 “Intangible assets”.
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Druzhilovskaya, T. Y. "Directions for further development of accounting for intangible assets." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 8 (August 22, 2022): 5–12. http://dx.doi.org/10.33920/med-17-2208-01.
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Intangible assets occupy an increasingly significant place in the activities of organizations of various forms of ownership and various industries (including healthcare). This sets the task of developing accounting regulations that would ensure the formation of complete and reliable information about intangible assets. Currently, the accounting of intangible assets of commercial organizations and non-profit organizations that do not belong to the public sector is regulated by PBU 14/2007 “Accounting for intangible assets”. At the same time, the adopted Program for the further reform of Russian accounting provides for the adoption of a new FSB “Intangible Assets” for commercial organizations and non-profit organizations that do not belong to the public sector. In order to implement this Program, the Accounting Development Fund “National Non-State Accounting Regulator “Accounting Methodological Center” (Foundation “NRBU “BMC”) developed and published for discussion the FSBU Draft “Intangible Assets”. The innovations of this Project are analyzed in this article. The Russian Accounting Standards Reform Program aims at further convergence of Russian Federal Accounting Standards (FSBU) with IFRS regulations. In this regard, it is of interest to study the degree of convergence of the regulations of the FSBU Project “Intangible Assets” with the regulations of IAS 38 “Intangible Assets”. The research methods were comparison, analysis, synthesis, grouping method, systemic and logical approaches. As a result of the study, the article identified and substantiated aspects of greater proximity of the regulations of the FSBU Project “Intangible Assets” to the regulations of IFRS (IAS) 38 in comparison with the regulations of PBU 14/2007, as well as such issues of accounting for intangible assets, for which the FSBU Project “Intangible Assets” differs from IAS 38.
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Brooks, Robert, and Bill Dimovski. "The Importance of Intangible Assets in Initial Public Offerings." International Journal of Knowledge, Culture, and Change Management: Annual Review 4, no. 1 (2005): 0. http://dx.doi.org/10.18848/1447-9524/cgp/v04/50207.
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Hasprová, Olga, Zdeněk Brabec, and Jiří Rozkovec. "Intangible assets disclosed by public universities in Czech Republic." Journal of International Studies 11, no. 1 (March 2018): 67–79. http://dx.doi.org/10.14254/2071-8330.2018/11-1/5.
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Vlasova, O. M., B. B. Gorelov, L. M. Korzhueva, and L. V. Postnikova. "Reflection of the life cycle of an intangible asset in the accounting of a budgetary institution of the agro-industrial complex." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 7 (July 25, 2022): 488–97. http://dx.doi.org/10.33920/sel-11-2207-03.
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The development of accounting in the public sector of the agro-industrial complex has significantly affected the accounting of intangible assets. With the application of the Standard, the approach to accounting for intangible assets has changed, now it is based on the principles of IFRS, therefore, intangible assets themselves can be presented from a different point of view. The authors of the article attempt to consider intangible assets as a life cycle model, which has not yet been applied to the concept of intangible assets. The algorithm of managerial decision-making and accounting of intangible assets at each stage of its life cycle is also proposed.
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Tunin, S. A., A. V. Frolov, V. I. Khoruzhy, and T. M. Vorozheykina. "Reflection of the life cycle of an intangible asset in the accounting of a budgetary institution of the agro-industrial complex." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 7 (July 25, 2022): 473–87. http://dx.doi.org/10.33920/sel-11-2207-02.
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The development of accounting in the public sector of the agro-industrial complex has significantly affected the accounting of intangible assets. With the application of the Standard, the approach to accounting for intangible assets has changed, now it is based on the principles of IFRS, therefore, intangible assets themselves can be presented from a different point of view. The authors of the article attempt to consider intangible assets as a life cycle model, which has not yet been applied to the concept of intangible assets. The algorithm of managerial decision-making and accounting of intangible assets at each stage of its life cycle is also proposed.
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Vasconcelos, Tiago De, and Rogerio Marino. "Relation between intangible assets, macroeconomic environment, and market value of German public companies - period from 1999 to 2016." Revista Brasileira de Administração Científica 11, no. 3 (June 3, 2020): 1–14. http://dx.doi.org/10.6008/cbpc2179-684x.2020.003.0001.
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The present paper is aimed to investigate the relation of intangible assets, macroeconomic data and market value of German public companies from 1999 to 2016. This paper innovates in relation to those who used the theoretical reference of the neoclassical production function by introducing ranges of variations for the main variables of the model (growth rate of sales, rate of return to fixed capital, rate of return for German bonds, internal product growth rates, discount rates) to verify if the contribution of intangibles is supported by significant changes in the variables essential for estimating the model. Entrepreneurs and executives believed that the key to success in business was associated with its tangible assets and what they were able to produce. Recently it was realized that the value of a company is not restricted to tangible assets, but also to the assets with no physical form, such as trademarks, intellectual capital, patents, and other intangible assets. The verification of the impact of the intangibles on the company's market value is made through proxies according to the methodology proposed by Gu & Lev (2011), the Euribor rate and the Credit Default Swap as a country risk proxy and sensitivity analysis for the weighting weighing of Ebitda and for economic growth assumptions. The methodological approach is a test-based quantitative research by using analysis of correlation and regression with panel data using STATA-15 software in order to determine the impact of intangible assets on the market value of the company. The sample was extracted from the Capital IQ database of all public companies listed in Germany from 1999 to 2016 on annual basis. As a result, it was verified that Ebitda is a consistency element of intangibility, and it impacts the IDE and IC calculation over time, with positive relation with Market Value of German companies, but partial evidences that generate added value to shareholders.
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Rautiainen, Antti, and Vilma Luoma-aho. "Reputation and financial reporting in Finnish public organizations." Journal of Public Budgeting, Accounting & Financial Management 33, no. 4 (April 9, 2021): 487–511. http://dx.doi.org/10.1108/jpbafm-10-2020-0179.
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PurposeThis article analyzes the links between financial reports and reputation in the context of Finnish public sector organizations. In general, the paper discusses the accounting treatment of intangible and tangible assets and the quality and relevance of public sector financial reporting.Design/methodology/approachFor data, we combine three data sets: financial statement information of eight anonymous Finnish public organizations, the results of a reputation survey among their key stakeholders (N = 914) and a sample of the social media sentiment around the organizations.FindingsOur findings suggest that a decrease in spending and, surprisingly in the nonprofit sector, an increase in the surplus, indicate better perceived financial performance. An increase in surplus is positively linked with the reputational factors, for example, trust. However, disclosing excessive amounts of information, for example, in financial reporting seems to contribute to negative discussions on social media.Practical implicationsWe highlight the importance of managing intangibles, including those not recognized in the balance sheet, such as reputation. We present three propositions with potential managerial relevance.Originality/valueDespite the considerable amount of financial information disclosed by public sector organizations, few studies have analyzed its relevance or connection to reputation. This first-of-a-kind paper combines intangible and tangible assets by analyzing how financial data and intangible reputation are linked in the public sector accounting context. Six reputational factors were discovered, and financial performance was found to correlate with trust in the public sector.
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Kanapickienė, Rasa. "Control measures in the accounting of intangible assets of public sector entities." Buhalterinės apskaitos teorija ir praktika, no. 16 (July 5, 2019): 19–27. http://dx.doi.org/10.15388/batp.2014.no16.2.
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Effective internal control helps to guarantee performance policy in an organization, achievement of the set aims; it also reveals the prospects of development, helps to indicate and manage risk so that the risk tolerance limit is maintained. One of the goals of internal control system is to ensure the reliability and sufficiency of information and financial statements. Accounting regulations set a great variety of control measures that must be guaranteed by the accounting policy adopted in a public sector entity. Yet governmental audit designates that a great share of distortions in financial statements are related with assets accounting. The object of the research is internal control measures in the accounting of intangible assets of public sector entities. The aim of the research is to investigate the regulation of internal control measures by creating the accounting policy of intangible assets of public sector entities. The article analyses and systematizes internal control measures determined in the methodological aspect of accounting policy of intangible assets of a public sector entity.
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Kurniawati, Heny. "Analisis dan Tren Penggunaan Accounting Choice yang dilakukan Perusahaan di Indonesia Pasca Adopsi IFRS." Binus Business Review 4, no. 2 (November 29, 2013): 765–75. http://dx.doi.org/10.21512/bbr.v4i2.1392.
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This study aims to analyze the accounting choice used by Indonesia’s public listed companies after IFRS convergence effectively applied in 2011 and 2012. Data used in this study were financial statements of Indonesia’s public listed companies in 2011 and 2012. The analysis focused on accounting choice in fixed assets (PSAK 16), intangible assets (PSAK 19), and investment property (PSAK 13). The study showed that public listed companies tend to choose historical cost to account for their fixed assets, intangible assets, and investment property. For fixed assets, it is only 2.5% changing their accounting policy to revaluation method. While for investment property, it is only 15% using revaluation method. All of public listed companies used historical cost method to record their non-goodwill intangible assets.
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Osinski, Marilei, Paulo Mauricio Selig, Florinda Matos, and Darlan José Roman. "Methods of evaluation of intangible assets and intellectual capital." Journal of Intellectual Capital 18, no. 3 (July 10, 2017): 470–85. http://dx.doi.org/10.1108/jic-12-2016-0138.
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Purpose The competitive model has changed. In this context, society entered into an era in which intangible assets are the greatest assets of a company. However, some gaps and uncertainties are presented in the literature as to understand the value of a company based on knowledge intensive activities. The purpose of this paper is to analyze the methods of evaluation of intangible assets in the context of business, economic and strategic management. Design/methodology/approach This is a qualitative research. This research is characterized as descriptive, bibliographic, inductive. Findings The main results of this research can highlight the existence of valuation methods of intangible assets intended for specific industries, as public and/or private, that can be better aligned to the context of business; economic and/or strategic management. Originality/value It was found that intangible assets are a current topic and increasingly addressed in the literature.
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YEREMIAN, Olena. "CRITICAL ASSESSMENT OF THE CURRENT STATE OF ACCOUNTING AND AUDIT OF INTANGIBLE ASSETS AT ENTERPRISES." Herald of Khmelnytskyi National University 302, no. 1 (January 2022): 201–8. http://dx.doi.org/10.31891/2307-5740-2022-302-1-34.
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Expansion of the use of intangible assets, imperfection of the legal framework and classification of objects, insufficient development of valuation methods, necessitates the improvement of their accounting and auditing. Today, the problem of developing a scientifically sound classification of intangible assets is of particular importance, which is an important prerequisite for the rational organization of accounting for this object. A critical analysis of the composition of these groups in the classification of intangible assets in accordance with UAS 8, which is the basis of sub-accounts of account 12 "Intangible assets", shows the existence of a number of inaccuracies. An important problem that needs to be solved in the process of organizing the accounting of intangible assets is the choice of forms of primary documents. The lack of standard forms of primary documents developed for intangible assets, as an accounting group of enterprise assets, does not meet modern requirements, which today are increasingly involved in business. The article, based on the study of foreign experience in the use and reporting of intangible assets, as well as its comparison with domestic enterprises, identifies the main problems associated with the use and accounting of intangible assets, and offers recommendations for their solution. The above problems are present in almost every domestic enterprise and lead to violations of the accounting process, insufficient coverage in the reporting of information on intangible assets, inaccurate assessment. The lack of valuation methodology does not allow to unambiguously determine the place of this type of economic resources in the accounting process, to represent them in the public reporting of the enterprise, especially to include them in the balance sheet to balance market and book value. Today, one of the pressing issues is to establish the value and impact of intangible assets on the market value of the enterprise. There is a need for in-depth study of existing and disputed intangible assets, the factors that affect them, the establishment and development of approaches, methods in order to objectively assess the value of the enterprise. In order to eliminate and prevent errors in the accounting of intangible assets and ensure quality audit of intangible assets in the enterprise, the article conducted a study of information support audit of intangible assets. Also, one of the promising areas of accounting and auditing of intangible assets is their implementation in the use of computer technology. Thus, the analysis of the results of research of domestic and foreign economists shows that theoretical and practical developments in accounting and auditing of intangible assets are modern and require further research and development to improve and adapt to international standards
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Azin, Nik Azmiah Binti Nik, and Norhayati Bt Alias. "Value Relevance of Intangible Assets Before and After FRS 138 Adoptions: Evidence From Malaysia." International Journal of Financial Research 10, no. 3 (May 19, 2019): 267. http://dx.doi.org/10.5430/ijfr.v10n3p267.
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The economic environment has changed from the era of agriculture, industrial and now to an information era. In this information era, intangible assets dominate the environment compared to during industrial era that was mainly dominated by tangible assets. Intangible asset plays an important role in today’s economy with the shift from being an industrialised economy to a high-tech and service-oriented. In Malaysian capital market, there is an upward trend of intangible assets development. Hence, the question of whether the value relevance of intangible assets is properly reflected in financial statements arises. The objective of this study is to examine the value relevance of intangible assets in Malaysia before and after the adoption of FRS 138. This study used a sample of 113 public listed companies from four main sectors namely Industrial Product, Trading services, Consumer Product and Technology. The period under study was divided into two, that is, pre adoption period (2002-2005) and post adoption period (2008-2011) to observe if there were any improvements on the value relevance of intangible assets after the adoption of International Financial Reporting Standards (IFRS). The data was analysed to examine the value relevance of intangible assets in Malaysia before and after the adoption of FRS 138. The finding of this study suggests that intangible assets are value relevant in the pre adoption period but are not value relevant in the post adoption period. This study may contribute to the existing literature on the economic consequences of adopting IFRS and also preliminary indication of the impact of FRS 138 adoption.
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Aguiar, Gabriel de Almeida, Julia Peres Tortoli, Anelise Krauspenhar Pinto Figari, and Tabajara Pimenta Junior. "Analysis of the influence of intangible assets on the performance of Brazilian companies." Revista de Administração da UFSM 14, no. 4 (November 9, 2021): 907–31. http://dx.doi.org/10.5902/1983465944075.
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Purpose – The study aims to analyze the relationship between intangible assets and the economic performance of Brazilian public companies. Design/methodology/approach – We calculated the Degree of Intangibility (DI) to segregate companies into two groups: intangible-intensive and tangible-intensive in a sample of Brazilian public companies from 2012 to 2016. We applied the Mann-Whitney test to verify whether there were statistically significant differences between these two groups of companies concerning the Operating Margin, Return on Equity, Return on Assets, Market Value Added and Earning per Share. Findings – The results show that intangible-intensive companies presented higher economic performance in most part of the indicators and years analyzed. In addition, we did not find significant results for Earnings per Share, although the signed rank sum mean values of intangible-intensive are higher than tangible-intensive companies in most part of the years. Practical implications - The findings seek to contribute to discussions about the importance of intangible resources as determinants of competitive advantages and reflecting in higher economic performance, and thus increasing market value. In this sense, investments in intangible resources can be applied in adopting initiatives in markets and definition of strategic positions in companies. Finally, our study seeks also to contribute to capital markets since the relationship between intangible assets and economic performance can be useful in detecting investment opportunities. Originality/value – Previous studies analyzed the relationship between intangible assets and economic performance with other periods and samples. We also measured different proxies for economic performance as Operating Margin, Return on Equity, Return on Assets, Market Value Added and Earnings per Share.
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Druzhilovskaya, Emilia. "Subsequent measurement of intangible assets in the new federal accounting standard for public sector organizations." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 4 (April 1, 2020): 4–11. http://dx.doi.org/10.33920/med-17-2004-01.
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This article examines the regulations for the subsequent evaluation of intangible assets established by the new federal accounting standard for public sector organizations (including public health organizations in this sector). These regulations are analyzed in conjunction with the requirements of other regulatory documents on accounting. The author identifies the main problematic issues associated with the subsequent valuation of intangible assets of public sector organizations (including health organizations of the specified sector) and substantiates proposals for their solution.
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White, Fred C. "Valuation of Intangible Capital in Agriculture." Journal of Agricultural and Applied Economics 27, no. 2 (December 1995): 437–45. http://dx.doi.org/10.1017/s1074070800028480.
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AbstractThis study examines the valuation of research as intangible capital in agriculture using Tobin's q theory. The market value of public research capital is estimated to be 8.6 times higher than conventional assets. Private research capital is valued 5.2 times higher than conventional assets. The estimated valuation multiplier for all farm assets dropped 1/3 over the last decade. In recent years the valuation multiplier has dropped below a dollar, which indicates the market is undervaluing farm assets.
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Taylor, Grantley, Grant Richardson, and Roman Lanis. "Multinationality, Tax Havens, Intangible Assets, and Transfer Pricing Aggressiveness: An Empirical Analysis." Journal of International Accounting Research 14, no. 1 (January 1, 2015): 25–57. http://dx.doi.org/10.2308/jiar-51019.
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ABSTRACT This study examines the individual and joint effects of multinationality, tax havens, and intangible assets on transfer pricing aggressiveness. Based on a hand-collected sample of 286 publicly listed U.S. multinational firms over the 2006–2012 period (2,002 firm-year observations), the regression results indicate that multinationality, tax haven utilization, and intangible assets are significantly positively associated with transfer pricing aggressiveness. The regression results also show that firms magnify their international transfer pricing aggressiveness through the joint effects of intangible assets, multinationality, and tax havens. Overall, the empirical findings demonstrate that the utilization of tax havens and the level of intangible assets are economically important factors that assist firms in obtaining tax benefits through transfer pricing aggressiveness. Data Availability: All data are available from public sources identified in the paper.
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Serrano Cinca, Carlos, Cecilio Mar Molinero, and Alexandre Bossi Queiroz. "The measurement of intangible assets in public sector using scaling techniques." Journal of Intellectual Capital 4, no. 2 (June 2003): 249–75. http://dx.doi.org/10.1108/14691930310472857.
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Dimovski, Bill, and Robert Brooks. "Intangible Assets and the Underpricing of Industrial Company Initial Public Offerings." International Journal of Knowledge, Culture, and Change Management: Annual Review 6, no. 4 (2006): 67–74. http://dx.doi.org/10.18848/1447-9524/cgp/v06i04/49315.
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Semchyk, Vitaliy. "Some aspects of the organizational and legal problems of accounting and audit of intellectual property on roads." Legal Ukraine, no. 12 (December 19, 2019): 24–30. http://dx.doi.org/10.37749/2308-9636-2019-12(204)-3.
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The article shows certain organizational and legal aspects of accounting and auditing of intellectual property of Ukrzaliznytsia. After the conducted analysis of legal acts, author makes the conclusion that legislatively determined for the accountant task of accounting and auditing of intellectual property objects cannot ensure the effective capitalization of Ukrzaliznytsia from the commercialization of intangible assets. Despite the problems related to the cost of intangible assets at Ukrzaliznytsya, we have considered only one of them. These are the legal and organizational aspects of accounting and auditing of intellectual property objects. It is not possible to carry out a qualitative study of each of these problems within one article. The article clarifies who is responsible for the accounting and auditing of intellectual property at Ukrzaliznytsia. The key question – who should be responsible for accounting and audit of intellectual property at Ukrzaliznytsia – is the obvious answer. The Order of the Ministry of Finance of Ukraine approved the National Regulation (Standard) of Public Sector Accounting 122 “Intangible Assets”. From the name of the order it becomes clear that the accounting is carried out by the accounting department of the enterprise. In accordance with the said Regulation, an intangible asset may be recognized as an asset if it meets the set of criteria, namely: it can be identified; there is a likelihood that the public sector entity will receive future economic benefits associated with its use; its value can be reliably determined. Therefore, this study offers an author’s vision for solving this problem. Key words: accounting and audit of intellectual property, Ukrzaliznytsia, intangible assets, intellectual property management, commercialization of intellectual property.
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Kubjatkova, Anna, and Juraj Kolenčík. "Trademark evaluation of the selected company in the aspect of globalization." SHS Web of Conferences 74 (2020): 01020. http://dx.doi.org/10.1051/shsconf/20207401020.
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The awareness of intangible assets is growing more and more today. Compared to the past, we are much more aware of the existence of a certain intangible substance which, together with the material substance, constitutes the value of society. Determining the value of an enterprise’s intangible assets on a global scale is becoming increasingly important as the value of an enterprise is not made up of only its tangible assets but its intangible side. An obvious part of intangible assets is also a trademark. The trademark is now much more important for companies, also due to globalization. It is an essential part of the company’s intangible assets, which is very often underestimated and therefore it is necessary to choose the right procedure for determining the value of all its components. As a result of globalization and comprehensive marketing strategies are trademark valuation methods gradually beginning to unite around the world. The main aim of this work was to choose a suitable valuation method of a trademark and to calculate its value in a selected company. We chose this aim because evaluation of the trademark appraisal is very often a difficult topic for businesses and the general public.
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Boydell, Leslie, Paul Hoggett, Jorun Rugkåsa, and Anne-Marie Cummins. "Intersectoral partnerships, the knowledge economy and intangible assets." Policy & Politics 36, no. 2 (April 1, 2008): 209–24. http://dx.doi.org/10.1332/030557308783995035.
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Ramirez, Ivan, and Ursula Maruyama. "Capital management and measuring intangible assets for public organizations, revisiting the literature." Independent Journal of Management & Production 8, no. 1 (March 1, 2017): 34–48. http://dx.doi.org/10.14807/ijmp.v8i1.494.
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Fukugawa, Nobuya. "Impacts of intangible assets on the initial public offering of biotechnology startups." Economics Letters 116, no. 1 (July 2012): 83–85. http://dx.doi.org/10.1016/j.econlet.2012.01.012.
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Haskel, Jonathan, and Stian Westlake. "Capitalism without Capital: The Rise of the Intangible Economy (an excerpt)." Journal of Economic Sociology 22, no. 1 (2021): 61–70. http://dx.doi.org/10.17323/1726-3247-2021-1-61-70.
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Capitalism without Capital by Jonathan Haskel and Stian Westlake explores the changes in the types of investments that have occurred in almost all developed countries over the last forty years. If tangible investments predominated in the past, most investments are intangible at present, meaning that money is spent on buying and creating knowledgebased products, including computer software, research and development, design, works of art, market research, learning, and new business processes. The authors attempt to answer why the economy in which intangible assets are intensively used is so different from the economy where tangible assets dominate. The authors conclude that these changes are explained by the basic properties of the intangible assets and have resulted in long-lasting stagnation, lower economic growth, increasing inequality, and difficulties in public policies for economic and financial sectors. The Journal of Economic Sociology publishes the introductory chapter, ‘Valuation, the Old-Fashioned Ways: Or a Thousand Years in Essex’ from Capitalism without Capital, where the authors discuss the meaning of investments, define the distinctions between tangible and intangible assets, and explain why some basic properties of intangible assets generate such dramatic changes in the contemporary economy.
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Mohamed, Omary, and Crispin John Mbogo. "Effects of Initial Public Offering on the Value of a Company: A Case Study of Tanzania Breweries Limited Company, Dar es Salaam." International Journal of Engineering, Business and Management 6, no. 3 (2022): 60–68. http://dx.doi.org/10.22161/ijebm.6.3.7.
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This study aims to analyze effects of initial public offering on the value of a company in Tanzania using Tanzania Breweries Public Limited Company as a case study. The specific objectives of the study were to assess the influence of stock price, asset valuation and intangible assets on the value of Tanzania Breweries PLC. The study adopted explanatory research design that included time series analysis (TSA) because analysis of the past is vital for forecasting the future and employed market timing theory. The method of data collection was documentary analysis; E-views was used to analyze the data which were collected from TBL, DSE and UNCTAD from 2010 to 2020. After confirming the existence of long-term associations between variables in our model, the collected data was submitted to ordinary least square (OLS) and t-values using the vector error correlation model. Results of the study indicated that asset valuation (ASSV) had a positive but small impact on the value of the company. While the short and long-term coefficients test between intangible assets (INTA) and stock price (STKP) had a negative and minor impact on Tanzania Breweries Company’s value at 5% of critical value. It is therefore suggested that organizations should focus on developing goodwill as one of the intangible assets that attract investors and shareholders. Management as well as owners of companies should be trained on the importance of using IPO as a source of improving the equity capital rather than using debt instruments. The government should strengthen policies and loosen some regulations, particularly for foreign investors, in order to attract more direct and indirect investment.
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Nusa Perdana, Petrolis. "IMPROVEMENT OF THE ACCOUNTING LISTING DATABASE SYSTEM IN MANAGEMENT INFORMATION SYSTEM FOR ACCOUNTING AND FINANCE OF STATE PROPERTY (SIMAK BMN) BLU UNJ ABOUT CONSTELATION AMORIZATION OF INTEGRATED ASSETS MANAGEMENT." Jurnal Wahana Akuntansi 14, no. 2 (December 31, 2019): 127–42. http://dx.doi.org/10.21009/wahana.14.022.
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This Community Service activities are carried out using the substantive developing database approach to assertions - accounting management assertions of intangible assets recorded in the State - Owned Financial Management Information System (SIMAK BMN) of the Public Service Agency of Universitas Negeri Jakarta. The substantive developing database carried out includes assertions - occurrence assertions, completeness, valuation, right and obligation and disclosure. The results of the substantive developing will be used as follow-up material from the recommendations of the findings of the Republic of Indonesia Supreme Audit Agency to the Republic of Indonesia Ministry of Technology and Higher Education where the Public Service Agency of Universitas Negeri Jakarta is one of the entities that sampling BPK RI.
The Community Service activity is also an alternative discussion to be a guideline for the existence of a research gap in the implementation of the PSAK (Statement of Financial Accounting Standards) Number 19 concerning intangible assets that adopt the basis of IFRS (International Financial Reporting Standards) where financial reports on assets become reliable, must be assessed based on fair value. PSAK 19 regulates the appraisal time to be carried out at the latest 3 years and at the latest every 5 years. This is where a phenomenon occurs, where if the appraisal is carried out in the 5th year while the amortization period of the intangible asset has been completed before 5 years, then the audit cannot be carried out based on the audit management assertions and make the asset the subject of audit findings potentially affecting audit opinion if material.Participants were given training on tips for managing a procurement of intangible fixed assets, both in the context of procurement by the university or by other units in certain circumstances, and systematically recording the SIMAK BMN UNJ after first carrying out asset reconciliation regular with the accounting and reporting section.
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Canel, Maria-José, Evandro Samuel Oliveira, and Vilma Luoma-aho. "Exploring citizens’ judgments about the legitimacy of public policies on refugees." Journal of Communication Management 21, no. 4 (November 6, 2017): 355–69. http://dx.doi.org/10.1108/jcom-02-2017-0025.
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Purpose The purpose of this paper is threefold: to introduce a theoretical frame regarding the meaning of legitimacy as an intangible asset of the public sector; to test a way of operationalizing legitimacy typologies that allows exploring and comparing how citizens from two countries evaluate the legitimacy of public policies; and to suggest implications for governments’ legitimacy-building strategies in shared international crisis, such as the refugees coming from the Syrian region. Design/methodology/approach Building on Suchman’s typology, it was defined and categorized different types of legitimacy into concrete measurable, communication related statements concerning consequential, procedural, structural and personal. For the illustrative example, four focus groups were conducted in two different European societies as a mean to have two poles of comparison. Findings The paper reports current understanding of legitimacy by citizens, discusses how different legitimacy types might demand different communication and public diplomacy approaches. The basis for hypothesis for further research on how governments should build legitimacy during emerging societal issues such as immigration policies is set. Practical implications It proposes a typology and its operationalization, discusses how communication might shape legitimacy and profiles the challenge governments have in building it. Within a public diplomacy context, it brings clues for new strategies to the challenge of explaining policies on international crisis combining the tension of domestic with foreign publics. Originality/value There is little research so far in search for clues for communication strategies for the legitimacy of policies on the 2015 European refugee’s crisis. This contributes to the emerging area of intangible assets in the public sector and tests a focus-group research strategy with both hermeneutical and pragmatic aims. Combine public diplomacy theory with public sector intangible assets theory to respond to the tension of internal and external public demands.
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Piqueiras, Paloma, and María José Canel Crespo. "Exploring Citizens’ Perceptions-based Intangible Resources in the Public Sector: An Analysis of the Relation Between Wealth and Engagement and Trust in 17 Countries." Central European Journal of Communication 14, no. 1(28) (June 21, 2021): 119–39. http://dx.doi.org/10.51480/1899-5101.14.1(28).7.
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Across the globe, public administrations are employing communication to develop programs to respond to the challenges of bringing society to the core of policy making and of searching for innovative ways to generate growth. But how much do these programs achieve, and to what extent are their consequences positive? Building on theorizing about intangible assets in the public sector and based on economic indicators as well as on survey data from 17 countries, this paper explores whether specific intangible assets that are citizens’ perceptions-based can operate as sources of growth. More specifically, the article looks at citizen engagement and trust, intangible resources that are built upon organizational behaviors as well as activated through communication. Results allow us to compare the relation of these resources with growth with the relation of tangible capital with growth in 17 countries. Based on findings, the article discusses implications for public sector communication.
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Chaikovskaya, L. A. "Accounting of Intangible Assets and Their Reflection in Corporate Reporting in Conditions of Digital Transformation." Intellectual property law 2 (July 1, 2021): 19–22. http://dx.doi.org/10.18572/2072-4322-2021-2-19-22.
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Relevance. Recently, intangible assets have become of particular importance for companies and become an essential information component of its reporting in its analysis. Against the background of a total digital transformation, digital assets are more and more entrenched in all spheres of public life, and the mechanisms for creating, using and protecting intellectual property are becoming especially relevant. Results. The article reveals the features of accounting for intangible assets and their reflection in corporate reporting. The attitude towards intellectual property in the context of digital transformation is considered, as a result of which the value of the company’s assets increases significantly, including due to cases of a better assessment of intellectual property. Today, intellectual property rights have become a leading economic resource. In turn, the digital transformation of the intellectual property sphere has affected to some extent such a specific class of intangible assets as cryptocurrency. In addition, the article discusses the importance of creating value based on intangible assets, which will have serious consequences for the management of the company in the future, and thus more attention will be paid to the formation of indicators in corporate reporting that reflect their real state. Methods. The research is based on complex and systemic analysis, general scientific methods of cognition — analysis and synthesis, dialectical method, systematization and classification, process and system approaches, as well as the comparison method. Discussion. A problematic issue is the reflection of intangible assets in accounting. This is due to the need for timely and proper execution of primary documents in strict compliance with the requirements of regulatory enactments. Difficulties arise when accepting individual objects for accounting, due to the fact that objects do not always meet the conditions for recognition.
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SZCZYGIELSKA, PhD, Agnieszka. "INSTITUTIONAL AND ORGANISATIONAL BARRIERS OF THE POLISH ARMED FORCES IN THE MANAGEMENT OF INTANGIBLE ASSETS." Zeszyty Naukowe Akademii Sztuki Wojennej 113, no. 4 (July 12, 2019): 34–48. http://dx.doi.org/10.5604/01.3001.0013.2821.
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The management of intangible assets is a new concept in organisations in Poland, especially when it comes to its implementation in practice, mainly in relation to public organisations. This is a new topic for the Armed Forces of the Republic of Poland, especially in the systemic approach. The study reveals what barriers, mainly organisational and institutional, constitute a difficulty and an obstacle to the implementation of the concept of management of intangible assets in the Polish Armed Forces. The aim of the study is to present the mentioned barriers and difficulties, as well as outline their conditions in relation to the specificity of military.
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Hidayat, Hidayat. "PERANAN STRATEGIS MODAL INTELEKTUAL DALAM PERSAINGAN BISNIS DI ERA JASA." EKUITAS (Jurnal Ekonomi dan Keuangan) 5, no. 3 (December 6, 2016): 293. http://dx.doi.org/10.24034/j25485024.y2001.v5.i3.1934.
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The traditional way of measuring an organization wealth is to focus on the organization’s tangible assets which consists of three major categories, namely : current assets, fixed assets, and investment assets. Although intangible assets are recognized, but in practice, this so-called “hidden assets” have never been taken seriously to be managed well by most organizations. It is only recently that investors have begun to give more attention to the problem of measuring and managing intangible assets. The main reason for the rising interest on this kind of assets is related to the observed gap between the market values and the book values of most public listed companies. Based on data taken from the New York Stock Exchange, over a period of 20 years, said gap has been widening. As reported in the Journal of Knowledge Management (November 1997) the top five valued organizations have a value that, on the average, was 13 times the book value. For instance, Microsoft and Coca Cola were valued, respectively, 21 and 26 times over their book values. This shows and quantifies the hidden potentials of intangible capabilities within organization, which are usually not included in the traditional accounted book value. Furthermore, it also indicates an appreciation of the future earnings potential of the enterprise. This growing value gap, implies, that there is a trend that has been escalating during the 1977-1997 period. From a management as well as a shareholder perspective the key focus should consequently be on these components of hidden or intangible capabilities for future earnings potential,. Since 1995 this hidden asset is called intellectual asset (capita) which consists of two major categories, namely, human capital and structural capital. The latter can further be divided into an internal (oriented) structural capital and an external (market orientation) structural capital. As the world economy evolves into a service economy, hence, intellectual capital will be regarded as one of the major driving forces of value creation of enterprises..
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Mashdurohatun, Anis, Gunarto Gunarto, and Oktavianto Setyo Nugroho. "CONCEPT OF APPRAISAL INSTITUTIONS IN ASSESSING THE VALUATION OF INTANGIBLE ASSETS ON SMALL MEDIUM ENTERPRISES INTELLECTUAL PROPERTY AS OBJECT OF CREDIT GUARANTEE TO IMPROVE COMMUNITY'S CREATIVE ECONOMY." Jurnal Pembaharuan Hukum 8, no. 3 (December 30, 2021): 485. http://dx.doi.org/10.26532/jph.v8i3.19791.
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This study aims to analyze the factors that affect the effectiveness of Intangible Assets of Intellectual Property of Small and Medium Enterprises as objects of credit guarantees, and the concept of appraisal institutions in assessing the valuation of intangible assets of intellectual property of Small and Medium Enterprises as objects of credit guarantees in order to improve the creative economy of the community. The method used in this research is empirical juridical. The data used are primary data and secondary data. Data collection techniques data collection through library research and field studies (through questionnaires, focus group discussions, and interviews). The results of the study found that the five factors that affect the effectiveness of Intangible Assets intellectual property of Small and Medium Enterprises as objects of credit guarantees are legal factors, law enforcement, infrastructure, society and culture. The legal factor that affects is there is no special legal product for public appraisers of IPR Intangible assets. In the practice, IPR intangible assets have not been accepted by all banks as objects of basic guarantees but only as objects of additional guarantees. It is caused by no trust from the bank toward the value of IPR as basic guarantees, there have been no appraisal institutions, and there is not intellectual property rights market yet, that makes IPR is not commonly used by banks and SMEs as IP owners. The concept of appraisal institutions in assessing the valuation of intangible assets of intellectual property of small and medium businesses as objects of credit guarantees, in order to improve the creative economy of the community, is necessary to form an appraisal agency through the products of laws and regulations. These regulations, among others, regulate the intangible assets of IPR, the purposes and objectives of the IPR assessment, the requirements to become an IPR appraiser, the function and authority of IPR assessment, the valuation method used, and so on.
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Olkkonen, Laura, and Vilma Luoma-aho. "Theorizing expectations as enablers of intangible assets in public relations: Normative, predictive, and destructive." Public Relations Inquiry 8, no. 3 (September 2019): 281–97. http://dx.doi.org/10.1177/2046147x19873091.
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Expectations intersect with many areas of public relations, yet conceptual and theoretical understandings of expectations have not been strong in public relations research. In fact, expectations are often discussed at a cursory level, expectation theories are seldom applied, and the concept of expectations is not problematized. In this article, therefore, we explore the role of expectations in public relations and illustrate how expectations shape organizational relationships, particularly by enabling or destroying the creation of organizational intangible assets. We identify gaps in how expectations are addressed in public relations, present the results from a literature review of 159 academic articles, and move forward conceptually by elaborating expectations as normative, predictive, and destructive assessments. The predictive and destructive dimensions that recognize negative expectations, in particular, can help public relations scholars understand the flipside of the much more often discussed positive expectations. Fulfillment of negative expectations, for example, can explain the active maintenance of unfavorable reputations and reputational stigmas.
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Lee, Jeong-Hwan, Do-Sung Na, and Jin-taek Jung. "A study on the impact of intangible assets on corporate value." Indian Journal of Public Health Research & Development 9, no. 9 (2018): 422. http://dx.doi.org/10.5958/0976-5506.2018.01035.5.
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Sa'ad, Auwal Adam. "Can Rights be the Underlying Assets of Sukuk?: The Malaysian Experience." ICR Journal 6, no. 1 (January 15, 2015): 92–105. http://dx.doi.org/10.52282/icr.v6i1.358.
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Sukuk market has hitherto focused on issuances based on intangible underlying assets. Right (haqq) is intangible in nature which can in principle include government awards, goodwill, trademarks, receivables and other related rights as applied in the Islamic capital markets. This paper looks into the opinions of classical Muslim schools and scholars on whether or not these assets are acceptable assets for sukuk. The paper incorporates analysis of the current applications of right as an underlying asset for sukuk in Malaysia. The analysis includes a case study on sukuk that uses right as an underlying asset, and raises some Shari’ah questions surrounding its applications. The study stipulates that right is an eligible asset for sukuk transactions, because it is valuable and capable of ownership and possession. However, it is recommended that sukuk based on government award should only be issued by government entities; private companies should not issue sukuk based on government awards because it was based on iqta’ principle which only the government has the right to grant its ownership to the general public.
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Bailoa, Sandra. "Intellectual capital in the public sector." Zbornik Veleučilišta u Rijeci 9, no. 1 (2021): 267–81. http://dx.doi.org/10.31784/zvr.9.1.16.
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The Intellectual Capital theory emerged mainly from analyses and observations in business sector based on the growing importance of intellectual capital as a production factor and on its contribution to create value and competitive advantages. The importance of managing intellectual capital is also recognized in public organizations although the theory reveals differences in application to the public sector and is less developed in this environment. In fact, most methodologies to manage intellectual capital were developed in the business area and research at public sector level did not verify the same attention. In literature it is possible to realize that although there are some studies that analyse the management of intellectual capital in the public sector, there are few studies that suggest methodologies specific to this sector. Thus, this article aims to discuss the main aspects about the applicability of intellectual capital theory to the public sector and to propose a taxonomy of intangible assets appropriate to this sector through critical review of main contributions of literature. The analysis allowed finding several arguments that justify the application of the theory to public sector. It also allowed suggesting a classification of intellectual capital based on the intangible assets considered relevant to public sector namely the set of the followed categories: Human capital, Structural capital, Relational capital, Services capital and Public Commitment capital.
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García-López, Maria-José, Juan-José Durán, and Carmen Avilés-Palacios. "Managing Reputation in MNEs through Intangible Liabilities." Sustainability 14, no. 5 (March 4, 2022): 3041. http://dx.doi.org/10.3390/su14053041.
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Company-specific assets, especially those of an intangible nature, are sources of value for the firm; consequently, the company should carry out a good management of them to increase the firm’s competitiveness, accesses to financing, reduce risks and improve its reputation. However, no attention has been paid to the concept of intangible liabilities that a company may create or develop and its effects on the value of the firm, and the relationship with its competitiveness and reputation, with reputation being considered as the public recognition (perception) of the quality of activities of the firm by both internal and external stakeholders of the organization. The right identification of them should allow us to better manage companies. Through literature analysis and empirical observations, we identify different sources of intangible liabilities and their effect on the value of the firm, highlighting those of them that implies a negative impact in the firm reputation. We identified which factors are greatly impacted when firm reputation decreases, so that a constructor is proposed to explain the relationship among reputation and the potential of generating implicit intangible liabilities. As result of an empirical analysis, we conclude that the factors (corporate assets, quality of management, financial soundness and long-term investment) impacting more on perception of reputation by stakeholders are those linked to the management style of the MNE. This would help MNCs to better manage both intangible assets and liabilities.
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Cavalheiro Silva, Patrícia Santos, Marcos Filgueiras Jorge, Branca Regina Cantisano dos Santos e Silva Riscado Terra, Jorge De Abreu Soares, João Alberto Neves dos Santos, and Marcelino José Jorge. "Pro-innovation restructuring strategy: case study of a multipurpose public organization in health." REBRAE 9, no. 1 (July 27, 2016): 62. http://dx.doi.org/10.7213/rebrae.09.001.ao04.
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The aim of this article is to measure the effect on performance, of the innovation in the organizational structure of the laboratories for clinical research associated with healthcare in infectious diseases of the Evandro Chagas National Institute of Infectious Diseases (INI) at Fiocruz in 2007, na effect herein identified as representative of the corporate intangible assets resulting from such restructuring strategy. The method consists, first, in the analysis of the literature about the measurement of intangible assets and organizational innovation, the potential effects of organization�s structure in performance, and the assessment of multipurpose public organizations in health, as sources of the basic notion on relations between intangible assets, organizational structure and performance which is used in this research. Next, the empirical research involves: (a) characterizing the change in organizational structure of 8 INI laboratories; (b) quantifying variables on the use of consumer goods and specialized personnel and on the production of teaching, research and health care; (c) calculating indicators about the development of relative technical efficiency of INI laboratories in the period 2002-2014, through Data Envelopment Analysis (DEA); and (d) using these indicators to compare the performance of these laboratories before and after the organizational innovation associated with the adoption of the Innovative Structure in their restructuring. As a contribution to knowledge, opens up prospects of collaborative research in Administration, Accounting and Economics for the development of a metric for organizational innovation. As management contribution, confirms the association between restructuring of INI laboratories as Innovative Organizations and their improvement in performance. Although the case study method imposes limitations to the generalizability of these results, mainly because there are no sufficient multipurpose organizations that use this methodology in performance assessment, it brings evidence on the potential benefit of the entrepreneurial-oriented innovation for the expansion and improvement of multipurpose public organizations.
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Аlifanova, T. I. "Crisis Communications as a Key Factor of Successful Corporate Anti-Crisis Management." Management Science 8, no. 2 (August 11, 2018): 52–63. http://dx.doi.org/10.26794/2404-022x-2018-8-2-52-63.
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The paper reviews crisis communications as the main marketing instrument of corporate anti-crisis management in its operational practice affected by the global oversupply of generic products, free access to data bases and availability of equal technical feasibility of competing agents, which lays special emphasis on intangible assets whose monetary value is proportionate to the quality of external corporate communications. Combining the mechanisms of anti-crisis management, public relations technologies, communication technologies and risk-management techniques in the modern volatile environment, crisis communication management is a generalized instrument which naturally creates the value of intangible assets, hence the company’s goodwill. The article presents the examples of successful use of crisis communications for the increase of their own capitalization by investment and financial organizations, telecommunications companies, internet providers and software developers, i. e. companies specializing in non-tangible assets and relying on the efficient use of crisis communications.
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Adegbite, Tajudeen Adejare, and Mustapha Bojuwon. "Corporate Tax Avoidance Practices: An Empirical Evidence from Nigerian Firms." Studia Universitatis Babes-Bolyai Oeconomica 64, no. 3 (December 1, 2019): 39–53. http://dx.doi.org/10.2478/subboec-2019-0014.
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Abstract This study examined the existence of corporate tax avoidance practices among the public listed firms in Nigeria. Secondary data were obtained from annual published reports from selected Nigerian firms listed in Nigeria stock exchange from 2006 to 2017. Panel Data analysis technique was used to analyse the effect of independent variables (Thin capitalization, Leverage, Firms Size, Transfer Pricing, and Intangible Assets) on dependent variable (Corporate Tax Avoidance). The result showed that thin capitalisation, firm size, profitability, leverages, intangible assets, and transfer pricing are significantly related with corporate tax avoidance. Thin capitalisation, profitability and transfer pricing are the primary driver of corporate tax avoidance. It is concluded that there are several corporate tax avoidance practices employed by Nigerian firms to aggressively reduce their corporate tax liabilities in Nigeria.
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Stulz, René M. "Public versus private equity." Oxford Review of Economic Policy 36, no. 2 (2020): 275–90. http://dx.doi.org/10.1093/oxrep/graa003.
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Abstract The last 20 years or so have seen a sharp decline in public equity. I present a framework that explains the forces that cause the listing propensity of firms to change over time. This framework highlights the benefits and costs of a public listing compared to the benefits and costs of financing with private equity. With this framework, the decline in public equity is explained by the increased supply of funds for private equity and changes in the nature of firms. The increase in the importance of intangible assets makes it costlier for young firms to be public when the alternative is funding through private equity from investors who have specialized knowledge that enables them to better understand the business model of young firms and contribute to the development of that business model in contrast to passive public equity investors.
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Loseva, O. V., I. V. Kosorukova, M. A. Fedotova, T. V. Tazikhina, and N. M. Abdikeev. "Valuation of Digital Intellectual Assets: Principles, Factors, Approaches and Methods." Finance: Theory and Practice 26, no. 4 (September 9, 2022): 6–28. http://dx.doi.org/10.26794/2587-5671-2022-26-4-6-28.
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The object of the study is digital assets and digital intellectual assets as objects of valuation. The subject of the research are the principles, factors, approaches and methods of assessing the value of digital assets, including digital intellectual assets, in order to involve them in civil turnover in modern realities. The relevance of the problem is caused, on the one hand, by the formation of new types of assets — digital, including intellectual — in the context of digitalization of the economy and public relations, on the other — by the uncertainties arising during their identification, as well as the need to substantiate the applicability of valuation principles, approaches and methods to determine the value of such assets for further involvement in civil turnover. The purpose of the study is to substantiate the principles, factors, approaches and methods applicable to the valuation of digital intellectual assets, their approbation on specific examples (domain names). Methods of statistical and comparative analysis, generalization, classification, and valuation were used. The essential characteristics of digital intellectual assets have been defined: intangible nature, creation with the help of digital technology; manifestation of value in the information system; the ability to civil (property) turnover as objects of intellectual rights. The applicability of valuation principles, income and comparative approaches to the valuation of digital intellectual assets is substantiated. The factors influencing the value of digital intellectual assets, as well as specific factors characteristic of one of the types of digital intellectual assets — domain names are identified. An example of using the analogs method to estimate the cost of a second-level domain name in the framework of a comparative approach is shown. It is concluded that digital intellectual assets satisfying all essential characteristics can be put on the balance sheet as intangible assets, and their market value is determined on the basis of income or comparative approaches using the principles of evaluation and identified factors.
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Iannone, Barbara. "Human Resource Training to Enhance Intellectual Capital in the Public Sector: A proposal of a Training Evaluation Model." International Journal of Business Administration 10, no. 5 (August 21, 2019): 10. http://dx.doi.org/10.5430/ijba.v10n5p10.
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The evaluation of Human Resources (HR) training, particularly in Public Administration (PA), has been the focus of studies and in-depth analysis for several decades. This paper proposes an additional model of evaluating HR training in Public Administration. The improvement of performances in PA is indeed an HR issue. Therefore, it is necessary to plan and invest in HR training, as a key component of empowering the employees’ knowledge, skills and abilities, with the intention of enhancing the intellectual capital of the organization, adding value to the PA. Another contributing point of this research is the assessment of training HR on intangible aspects, such as the reputation of the PA. Lastly, it is essential to build and to adopt an optimal process of evaluation of HR training to measure the return on investments in terms of tangible and intangible assets.
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Ramalho, P., A. Santos, B. Barbosa, S. Graça, J. Cassidy, A. Ganhão, and J. Feliciano. "Asset management – the overlooked gains from efficiency projects." Water Supply 20, no. 5 (May 5, 2020): 1706–15. http://dx.doi.org/10.2166/ws.2020.079.
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Abstract Efficiency is a key topic nowadays in the water sector as customers' expectations are continuously increasing, legislation becomes more demanding, utilities become more exposed to public opinion and expectations are increasing towards a high-quality service at an affordable cost and both combined with high risk avoidance. The implementation of efficiency projects, such as non-revenue water (NRW) reduction projects are fundamental both from an economic and an environmental perspective. However, decisions on the implementation of these projects are often reduced to short-term economic criteria or to a cost-benefit analysis at best, not considering an adequate timeframe that would potentially allow the accommodation of the adopted NRW reduction measures (capital and operational expenditures). Infrastructure asset management requires a strategic view on water systems based on the long-term balance of performance, cost and risk aiming at the adequate management of utilities' physical, human, technological and intangible assets. Water managers should take these principles into consideration when deciding whether to implement efficiency projects, since the long-term effect of current water systems' inefficiencies can translate into significant capital expenditures in the future. This paper presents an evaluation of tangible and intangible gains that result from NRW reduction projects and why intangible gains should be part of decision-making processes on whether to implement them or not.
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Mehar, Muhammad Ramzan, Huda Tahir, and Mariam Nazeer. "Influence of Firm's Intangible Assets Intensity on Stock Prices Volatility: Evidence from Emerging Market of Pakistan." Indian Journal of Public Health Research & Development 10, no. 1 (2019): 472. http://dx.doi.org/10.5958/0976-5506.2019.00093.7.
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Paputungan, Rahmita Dwinesia, Bambang Subroto, and Abdul Ghofar. "Does institutional ownership moderate the effect of intellectual capital and company value?" International Journal of Research in Business and Social Science (2147- 4478) 9, no. 1 (January 3, 2020): 127–36. http://dx.doi.org/10.20525/ijrbs.v9i1.579.
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This study aims to empirically examine the influence of intellectual capital towards company value and also its influence while being moderated by institutional ownership. This study uses purposive sampling to determine samples from manufacturing companies listed in Indonesia Stock Exchange during the year of 2014–2018. The total sample obtained in this study is 301 from the 720 population of data throughout the research year. Data analysis techniques use multiple regression and moderated regression analysis (MRA) methods. The results of this study show that Intellectual Capital has a positive significant effect on company value while institutional ownership does not have a significant effect on moderating the influence of intellectual capital towards company value. The practical implication of this study is to provide information to managers or owners of public manufacturing companies and investors about the importance of intangible assets investment like intellectual capital as the competitive strategies to achieve more optimal company value, as well as for regulator to make clear regulations about the disclosures of intangible assets.
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Wu, Cheng-Wei, and Jeffrey J. Reuer. "Effects of R&D Investments and Market Signals on International Acquisitions: Evidence from IPO Firms." Journal of Risk and Financial Management 14, no. 5 (April 22, 2021): 191. http://dx.doi.org/10.3390/jrfm14050191.
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We investigate how intangible assets in the form of R&D influence firms’ hazards of engaging in international acquisitions. On the one hand, previous research has noted that the tacit and redeployable nature of R&D investments may prompt firms to expand their operations overseas and create value from international acquisitions. On the other hand, it is difficult for other firms to evaluate the quality and prospects of an acquirer’s intangible resources, thereby hampering its ability to finance and execute international M&A deals. In the context of international acquisitions undertaken by firms just completing their initial public offerings (IPOs), we argue and find that the IPO firm’s engagement in post-IPO international acquisition activity is generally negatively related to its R&D intensity. This effect contrasts previous arguments on the internalization advantages possessed by R&D-intensive firms. We also argue that firms able to convey their resources and prospects through such signals as previous international alliances and foreign sales can mitigate information problems presented by their intangibles, and thus carry out and benefit from cross-border acquisitions. We therefore identify an unexamined tradeoff that R&D investments present in the international M&A context and discuss how international signals can facilitate cross-border transactions subject to various market frictions.
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Cantone, Fernanda. "Enhance the Public Space: An Ecomuseum for Monterosso Almo (RG) in Sicily." IOP Conference Series: Materials Science and Engineering 1203, no. 2 (November 1, 2021): 022040. http://dx.doi.org/10.1088/1757-899x/1203/2/022040.
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Abstract The city has become the place of sustainability and public space is one of the main elements of this concept: it does not consume land, it recovers the existing building assets, it works with requalification, re-design, accessibility and availability. In this sense, public space takes on an ecological and environmental connotation, supported by a growing respect for nature. Nowadays, in historical small towns, all works addressing the public space acknowledge an overlapping of traces and testimonies that identify those space as assets to be protected, but also made available to the public. In this regard, it is also necessary to protect the buildings that define this space. A tool is enhancement. Enhancement means taking actions aimed at giving value. Its objectives focus by integrating the architectural heritage into contemporary life, by strengthening social development, as well as the economy, and defining its roots and identity. Today, enhancement connects the past with the future and provides an occasion to highlight the tangible and intangible resources safeguarded by such heritage. For ordinary heritage the only possible strategy is represented by eco-museums, through a systemic approach towards all tangible and intangible elements. The case study is a very small town in the country of Ragusa, Sicily, Italy, is considered a “cultural, natural and architectonical landscape” and reflects the combined works of nature and humankind, where cultural heritage is located both in rural areas, both in center of town. The city has an interesting old town consisting in two important historical area: Matrice district and San Giovanni district. In them there are small palaces built almost all after the earthquake of 1693, beautiful churches even older, beautiful woods and views that design public space. This research is aimed at retrieving the present architecture and landscape by using the existing structures to leave an indelible mark on renovation projects. The enhancement project guides the birth of the eco-museum; it identifies, selects and recovers the existing building assets, proposing attractive and economically interesting functions for public space. An action based on eco-museums helps breathing new life into a community and its heritage, promoting life, economy and tourism.